The "Rule of Three" is used in learning situations with young children, wilderness survival, mathematics, language, and so much more. I want to focus on learning and survival because both of these topics, when looked at from a big picture, also apply to your finances. You need to learn how to use your money efficiently to pay for things that you need to survive (like I said, big picture).
Rule of Three in survival situations:
You can survive for 3 Minutes without air (oxygen) or in icy water
You can survive for 3 Hours without shelter in a harsh environment (unless in icy water)
You can survive for 3 Days without water (if sheltered from a harsh environment)
You can survive for 3 Weeks without food (if you have water and shelter)
The main point of this set of "Rules of Three" that you need to focus on the most substantial problem first. If the biggest problem is that you can't breathe we need to remedy that immediately.
I hear you asking "How does this apply to...
My goal in life, through God's guidance, is to help as many people as I can reduce and relieve stress brought on by financial burdens like debt. I hear pretty regularly about how you guys are nervous about taking the next step in your business because you don't have the cash flow to spare right now.
Since many of you are entrepreneurs, business owners, and people who are ready to start your own business, I thought today we would talk about how vital activity is when creating your Kingdom.
So, let's grab a cup of coffee and maybe even a notebook because I'm going to talk to you about how you can implement the steps I took to launch my business and build my Kingdom for yourself.
I started my business after seeing the Velocity Banking method work for my family - I saw how it worked and felt passionate about sharing the info I learned with as many people as possible.
The best advice I can give you about growing your business is to choose a platform - blogging, YouTube,...
To have a prosperous Kingdom, you need to have the right tools. We need tools to help us build, maintain, and grow our Kingdom. I'm going to show you the tools that I currently have, and then the tools that I'm looking to acquire as my business and Kingdom grow. This is part four in our Establishing Your Kingdom series, and it's been wonderful seeing the action people in the community have taken over the last month.
To start, you must know your finances. You need to know where every dollar goes. "How do I know where every dollar goes?" You look at your accounts. Open up your financial statement, check your balances, check your bank accounts, look. Make sure we know our 4 major numbers:
Now, I'll hop off my soapbox and get into my list of tools I continue to use for my business that will help you and your business stay organized and move forward no matter where you are in your journey as an entrepreneur, startup business owner, mompreneur, or...
We've been going over some vital lessons on how to establish your Kingdom, how to protect it, how to create activity income, passive income, and most recently acquiring tools for your Kingdom. Now, we're going to start stepping into funding your Kingdom using the Velocity Banking concept to your advantage.
Even after you're completely debt-free, you can continue to utilize Velocity Banking strategies to maximize your business productivity. Velocity Banking's primary use is actually to make money and invest money. That's what real estate investors and business owners are doing with their funds when they practice Velocity Banking.
I want to give you an example of how I fund my own Kingdom, so I can be a cheerful giver and help people while building my business -with cash flow, great credit, and the bonus of feeling secure in my finances.
Watch the video below for a look at the numbers:
Like I mentioned in the video above - the end goal is to...
Our sixth step in building our Kingdom is deciding if we're ready to build a team. Let's say you've 10 X'ed your income and you are starting to get overwhelmed by the amount of work that has started to come in. As you build your business and your influence tasks you once saw as “relaxing busy work” may begin to feel tedious. This is one good sign that you are ready to outsource and hire people to help you grow your business.
So, I’m sure your next questions is, Denzel, what do you need to look for when I start to build a team – what are my first steps? Don’t you worry I have 5 things for you to think about when you are ready to build your team.
Let's start by figuring out the things in your business that cause you stress, the things you may not be good at, or things that delay your time. If you are busy doing things you don't love you won't have as much time to help your next clients.
Find a role model, or a couple of role models whose company,...
Recently I have started talking about mindset shifts here on the blog - while this topic is always sprinkled into my YouTube, Facebook, and Instagram content I'd like to dedicate a moment to further discussing ways to improve your life and your Kingdom once you understand Velocity Banking and have your finances in order.
We all know that maintaining a firm understanding of your finances removes many stressors from the average person's life - many people who have all of that under control still don't have their Kingdom in order. So, let's talk about 5 things you can work on every day that will help put your Kingdom in order:
Find Your Rhythm: As entrepreneurs and business owners, many of us forget where the lines of our work and home lives begin and end. Set clear boundaries for yourself and the people you love so that there is a clear understanding of when work begins and ends - there are exceptions to this rule (it's also good to have guidelines for what those...